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for chapter 11. different news to digest. sales in the u.s., ford, gm, doing well. japanese automaker selling to china not doing so well. foreign automaker selling into china doing well at bmw. >> i think the suzuki thing mirrors what's happening at ford. >> i had an eye on one of their models. >> which one? >> the one with the four wheels. >> i have a harley in my garage. >> i'm not kidding. >> which garage is it by the way? do you even know? >> one of them is flooded. are you happy with that? >> is there a side car at leas.? >> i have tattoos all of the way up you just don't see them. suzuki blinking, ford, blinking, gm starting to blink. there's anti-globalization going on that we have to notice. some people say that i can't hack it in these markets. toyota was good. bmw was downbeat in terms of future. it wouldn't be something if everyone recognized what alcoa recognized. maybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about kimberly getting out of diapers in europe? there'
at the ex-have a dax, up 5%. ftse up nearly 4% in the last week on top of pretty good gains for the u.s. markets as you know between 3% and 4%, as well. so no surprise perhaps today that we're a little bit weaker on the back of those gains. 8:2 just about decliners outpacing advancers. this is how it translates. ftse 100 down half a percent. xetra dax up a quarter. ibex down about half of 1%. a number of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those reg
-mails the recipient a digital itunes code. gifts are currentsly just available to tens of millions of facebook's u.s. users, but will be able as gifts rolls out broadly. this bolsters facebook's retail business tapping into digital content and subscriptions which are the fastest online growing retail category. facebook won't comment on the business model but presumably facebook gets a cut and it does of course benefit when users were more engaged on the site. today facebook shares rallied on a pair of analyst upgrades. this partnership gives apple access to facebook's users securing its position as the leading music distributor as it faces new competition from the likes of microsoft's xbox music, google music and amazon's cloud player. now of course, if facebook can convince more customers to hand over their credit card information using that itunes as a lure, that's of course a good way to get them to spend more money on facebook gifts down the line. >> thank you so much, julia. >>> now the countdown is really on. no pressure. the workers are going back to the office. they're thinking they're going
. it is all about the u.s. this week. the tone for the most part has been negative this morning as you can judge from the red behind me. yes the uk pmi data came in weak, points to the country potentially in contraction territory despite the better gdp figures. some concern about greece. investors seem to be standing on the sidelines until a lot of these issues are resolved or at least there's more clarity. this follows reports over the weekend that some of the ways in which spanish banks borrow at cheap rates may not have been legal. the ecb says it's exploring the issue. one of the companies weighing on the foot city, hsbc which has said it is provisioning $1.5 billion against the laundering charges. group profit slightly disappointed investors. shares down 1.4% as a result the there. but that's really it in terms of the major corporate news. ubs going through a bit of a shake up. the bond wall expresses more of the mood we're seeing on the eve of the u.s. elections here. it's a rotation out of the periphery into the core. the gilts are benefiting. spain, italy seeing yields a little hig
? >> i'm, today, tomorrow -- today here, tomorrow there -- i'm going to short more bonds, more u.s. government bonds. i'm going to buy more commodities, buy metals, base metals and precious metals. looks to me like the money printing is going to run amok now. and the spending is going to run amok now. again, larry, i'm not saying this is good for the world, it's not good for anybody. this is what's going to go on. i have to invest based on what's happening, not on what i would like. >> mr. rodgers, rick santelli here. what about europe? i don't disagree with your notion you want to sell treasuries. i do disagree treasuries were moving to the downside because of a barack win. most of the traders in chicago were definitely thinking mitt was going to win. they were buying puts on the treasuries. they were buying calls on the s&ps. my question to you is pure and simple. the world is lending us money at rates much too cheap. i wouldn't lend uncle sam my money for ten years for 170 basis points but the european issue continues to push more investors into treasuries. when do you think tha
a big exodus in stocks. $9 billion flowed out of u.s. equities last week, the biggest outflow this year matched only by the week before the presidential election. so is this rational behavior? or perhaps a lost opportunity here? and it's important to see where the inflows were too. the biggest inflows were to money market funds. and that is -- >> that's rash -- >> yeah, just go to cash. i'm cashing out. >> they may be costing you money to put your money in the mutual funds. and this is the problem because monetary policy has gotten in the way of fiscal policy. and in fact, if you look at today's market. today was all about monetary policy reversing course of the s&p when, in fact, all we should be talking about is fiscal policy and we can't get anything done. >> doesn't it stand to the point of how desperate people are to hold on to their cash? it mean, we've seen this. there's always a reason to wait, always a reason to stop trading, always a reason to move to the sidelines. and you keep getting them time after time after time. you have the election, you have fiscal cliff, you have tax
to go follow the united states while it lobbies for a reconsideration of the u.s. stance. the delay could push back the start of basel iii by about six months. the law was mepts ant to be pha in by the start of 2013. >> archstone was not part of the zell asset, was it? >> i feel like zell was related to it. >> but he sold right at the top. so that was part of the problem. it wasn't just a total lack of due diligence. i mean, everything was valued hire when archstone was first sold, right? >> yes. but as i'm looking at this, no, sam zell i do not believe was involved. >> that was the equity office and -- >> and then blab stone. but blackstone even though they bought at the top figured out a way to then sell pieces of it very, very quickly. and they did very well. >> entrade is no longer accepting u.s. customers citing legal and regulatory pressures. that announcement coming hours after the u.s. commodities regulators sued the exchange's owner alleging that it allowed unauthorized trading by u.s. customers, u.s. customers must close their accounts and withdrawal all funds by the end o
five years despite getting to the size where it will be around a top ten retailer in the u.s. this year. it's a huge company growing at a fast pace. as you heard the stories of tablets gaining market share and smartphones becoming a way to shop, we're in the early innings of internet taking share from brick and mortar. >> i know you're not stock pickers, per se, but who do you see out there that's doing a good job of handling cyber retail these days? >> i don't think there's any question amazon has the winner. it almost doesn't even matter. you asked about profitability and margins. it's almost irrelevant whether they'll have higher margins or not this year because what they're looking for is market share. they're looking for that wallet share. they want to make sure the consumer is spending money with amazon and not with anybody else. and they have other ways to make money, the marketplace. >> at some point they have to worry about that. but i get your point. who's a winner and loser when it comes to doing cyber sales well? >> i don't see any losers. i think most of the retailers are w
. the jones act states that only u.s. flagships can carry goods from one u.s. port to another. now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux
of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back. we want to show you the very latest. what you're looking at here is virginia. the polls have closed but nbc news is saying it is too close to call. also, florida, some polls have closed. all of the polls will close at the top of the hour. but what we see here as you can see, some polls have closed and so far we are really in a neck and neck situation in florida. all of those polls will close at the top of the hour. every house seat as well up for grabs and more than 30 senate races as well. >> and whoever wins the white house will have to work with this group to solve some big fiscal issues in this country. amman jabbers is watching the balance of power tonight. >> hi. well election night has
and save the u.s. economy from going down a dangerous road. it is wednesday, november 7th, the day after and a special early presentation of "squawk box" follows the late presentation that we had yesterday. but it starts right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. and yes, we know it's only 5:00 a.m. on the east coast, but you don't have to double check your clocks. on the morning after election day, we couldn't wait until 6:00 a.m. to get back on the air. the american public handing president obama four more years in the white house. meantime, the balance of power stays the same in the senate. this morning, we have two main items on the squawk agenda. after months of handicapping the race, we'll find out how the global markets react to the decision and ask how you need to position your portfolio. we have a number of people on hand to help us with that task, including mike santoli. he is our guest the next hour. chuck gabriel, his job is to try to connect the dots between washington and investors. we have jeremy seigel. also, vincent rinehart. we'll be jo
. #. >>> if we go over the fiscal cliff, global business travel association estimates that u.s. biz travel spending will take a $20 billion hit in the short term. but how about the long term outlook? find out next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> what are the long term effects for business travel if the economy falls off the fiscal cliff? the gbta predicts the reduced deficits and lower interest rates will lead to growth in the economy and an increase in business travel spending. >>> welcome back. now to the weather channel. reynolds wolf is standing by. what is happening around the country today? >> the story is all west. everything is taking place out west. rain, some strong winds, even some snow. some places snow getting up to arou
to these oil incidents and automatically had a reaction in the u.s. oil price in particular and seen prices supported already on when's happening in the gaza strip, the escalation of fighting there. that's certainly supportive of prices and an expiration today of the december contract and often leads to volatility so a lot to watch in the oil market and hearing that fires have been extinguished from the fire of the oil rig and no spillage of oil in to the gulf of mexico. back the you. >> sharon, thanks so much for us on the oil trade. let's bring in john killdo you have and the biggest surprise in the saga over the last several days is that oil didn't spike more from gaza. >> that's right, scott. a real push-pull going on right now between the economic outlook for next year particularly for oil demand and demand ratcheted down by the major organizations that track it. and, of course, i think the response to the gaza situation is reasonable because, of course, there's no direct oil involved but all about hamas and a proxy for iran and where do we go from here if anywhere? >> give me the read
epperson at the nymex. u.s. jobs data sent gold prices sharply lower, below $1,700 an ounce. the first time we've seen gold this low since september 7th. we did see a lot of stocks go under way as we got the jobs data. oil prices are slightly lower, the stronger dollar pressuring oil prices as well as several e refineries still shut here along the east coast due to hurricane sandy and gasoline futures up slightly but the national average keeps coming down, $3.50, down 8 cents from a week ago, down 28 cents in the month. back to you, carl. >> thanks so much, sharon epperson. >>> the coast guard opening the port of new york and new jersey on a restricted basis allowing the backlog of barges allowing gasoline and fuel into the area. how soon might we see in the areas affected by sandy? good morning, kate. >> reporter: good morning, carl. i just returned from the dockses behind me where dry dock work ers are hoping to get themselves ready for new ships to be repaired as early as monday. they have a waterfront view of what's going on in the port of new york and new jersey which was just reopene
of the u.s. economy. it's tuesday, november 6th, election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box." i'm becky quick along with joe kernen and andrew ross sorkin and the polls are opening in various parts of the east coast as we speak. some 30 million americans have already voted, including the folks in the tiny village of dixville notch. this follows tradition, they voted just after midnight and with the lowest turnout in almost 50 years, this time around it was a tie. five votes for president obama, five for governor romney. back in 2008, president obama defeated john mccain 16-5. let's take a look at the map. 270 electoral votes are needed to win. nbc news now shows president obama with 237 likely. romney 206. and 95 in the toss-up column, so it is going to be a very long evening, andrew. >> i think we'll be staying up pretty late and then we'll be back at it tomorrow morning. but cnbc's team of reporters has the country covered this morning. stationed in battleground states, campaign headquarters and here at election central. among our
their supporters out to vote, business, u.s. chambers doing exactly the same thing for the republicans. we're going to know on tuesday which side was more successful, larry. >> all right. john harwood. many thanks for that. >>> now president obama and mitt romney are crisscrossing the country in these critical final four days. obama's going to visit colorado, iowa, wisconsin, ohio, virginia, new hampshire, and florida. and an almost identical tour for romney excepts he swaps florida in favor of, get this, pennsylvania. very interesting. now you're going to be looking, there it is, live pictures of westchester, ohio, where a mitt romney rally is under way. tens of thousands there, and lines to come into the rally stretch out for six blocks. this is interesting. does team romney see an opening there? let's talk here now is democratic strategist robert shrum, columnist for "the daily beast" and ed rogers, republican strategist and former bush 41 deputy assistant. gentlemen, welcome back. >> good to be here. >> i want to begin with this thought. not the jobs thing. the jobs thing is too inconclusive. w
of the response to the attack showing it took more than 14 hours for first u.s. military unit to arrive in libya after the attack. all right. >> joining me now is syndicated radio talk show host john bachelor. john, welcome back. david petraeus is a great american, an admired american. now he has to resign from the cia, why, john? what is the meaning of this? what is the timing of this? >> i am told by several sources it was not beauty killed the beast, larry. it was benghazi. mr. petraeus misled, i'm told. misled an important committee on the hill and he did not want to return to that committee as director of the central intelligence. >> so you're saying that the extra marital affair is not the reason? it's the reason he's cited, but you're saying? fact, that's not the case? there's a whole history of these things in spy circles and secret services and blackmail and you're saying that ain't what happened? >> i'm surprised at the timing and the timing tells us a deal. i am told, larry, this is my best information that mr. be petraeus has been under pressure of the white house to maintain the nar
-week high. again the fiscal fears here in the u.s. are definitely supporting the gold price. we have seen gold perform relatively well this week. in fact, it's probably one of the best performing commodities here at the nymex and we are seeing new buyers coming in to the gold market as well. that's what traders are telling me looking at contracts beyond this year, into 2013. so that is also supportive. copper prices meanwhile are falling even though we got positive data out of china on industrial production. the fears again of the fiscal cliff certainly outweighing what we're seeing in china at the moment. there's been a lot of action the last hour or so in the energy market, particularly in rbon gasoline futures here. keep your eye on natural gas. it is going to get a little warmer here on the east coast causing a little slide in gas futures. >>> bertha coombs has a "market flash." >> standard energy stock hitting a new low today despite they did report record production yesterday. one of their big shareholders, tpg axon hedge fund is calling for big changes there on the board and the ou
prices here in the u.s. have basically erased this week's losses because of the gains that we're seeing currently in the oil complex. we're also hearing reports about iraqi enjoy saying that arabs should use oil to press israel over gaza. those headlines helping to cause this bid in the oil complex. in the gold market, we've seen steady declines over the last several sessions and now a little bit of stabilization in the gold market. there are concerns based on the world gold council report about demand particularly out of china. we've seen the cme lower margins for gold and silver so that may have an impact on the trading activity from here. carl, back to you at the white house. >> all right. thanks so much. in a half hour from now the president will hold key meeting with top congressional leaders on solving the fiscal cliff. we'll be over this crit aleveic event. both sides of the aisle will be covered. "squawk on the street" is coming right back. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-255
congress would wouldn't come up with come miz, no way they'd face their constituents after the u.s. debt was down graded and if that happened, i thought interest rates would go higher and stocks wouldn't respond well. so it certainly doesn't sound in washington right now that these guys are in any way conciliatory or reaching across the i'll. we just don't know. and that lack of information i think kikts tole volatility. in a lot of people believe that somehow or other both case and difficult difficult ends. to beat the tax hike on dividends, costco, murphy oil, disney, ebay, del, oracle and sh washington bureau. what do you think? should people look up there before they why not take advantage of the lower tax rate. you'd hope they have something better to. >> but if it's cash they don't have an immediate use for. the special dividend makes a lot of sense. you get the horse to walk in the direction of the carrot. knock the stick. so the more you tax something, you don't get more of it. >> that's the whole problem. >> it doesn't make sense. >> the the whole big picture of this thing. i th
expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beinvesting. with investment information, risks, fees and expenses we call this our mission.mpany, green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at >> 16 minutes past the hour. want to get to john harwood in the map room. >> you look at the electoral vote count and it looks very even but look under the top line numbers of what we have seen so far and see how i
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> welcome back to our special coverage. hundreds of races in the house and senate tonight. >> there's tight races in the senate in early returns. pretty much going as we expected. we do have handful of newly projected winners in the senate races so far. nbc news declared that bill nelson is projected winner in the state of florida. nbc news also declaring angus king the projected winner in the state of maine. he's someone that we'll want to watch because he's an independent who hasn't said who h
drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's own chief washington correspondent john harwood joins us now with all the details. good evening, john. >> reporter: good evening, laurie, and i think we are getting somewhat closer, and the white house would count it as good news that you found common cause with their report on the impact of fiscal spending. let's talk for a moment about what's happened on the fiscal cliff by the numbers since that early constructive meeting with the congressional leaders and the president. the numbers are all one. there's one month left for these leaders to figure it out. two, 1.4 it is is the amount to be shaved off by gdp and one is the amount of trillions of dollars that democratic aides, senior democratic aides tell me is necessary to get a deal wit
of the big stories we were following today. zion is a stock on the radar today. the u.s. treasury will sell and conduct auctions to tell warrant positions in the name. also, hpq, that saga continues after a request from the former autonomy ceo to acquisition details of accounting fraud. some pockets of strength today. we were led higher by monster beverage. just one of those names people love to trade. regulatory fears subsiding a bit in that name. also want to draw your attention to corning. that stock getting a pop. last but not least, best buy. positive speculation in this name relating to a bid from the company's founder sending the stock up more than 3%. michelle. >> thank you so much, jackie. all right. just 34 days to go before we go over the fiscal cliff. >> oh, boy. >> i want to call it the fc. can't we get an abbreviation? we're going to l.a. we're going to ec. we're going over the fc. >> sounds good. >> are shareholders best served by companies paying dividends now? someone who's going to join us says absolutely not. find out why. >>> also, later, who would have thunk financial a
energy future, now. at u.s. trust, our expertise extends well beyond investment advice and research analysis. it includes proprietary offerings like our eldercare program, which helps provide for those who came before you. and our financial empowerment program, which helps prepare those who come next. resources like these have made us the number-one trust company. that's why generations of families have come to us to help build their own legacies. >>> we don't want you to bet the country. we want you to fix the country. and we had a number of productive meetings in the past couple days. the white house with the leadership of both the senate and the house, diverse groups of house members -- >> that is maya mcginnis, who i almost always want to call maya angelou for some reason. but it is not. it is maya mcginnis, one of the organizers of fix the debt, the campaign that's organized some 60 ceos, heads of non-profits, academics and others to come up on capitol hill today to talk about solutions to the fiscal cliff problem. i'm joined now by john carney of, bob pisani. we'll li
it into the u.s., and then pushing inkrechbtives. >> i think that's a big product of it. we have a new e.s. this year, so i think we'll get closer, so there's no doubt that the cost of currency playing a big part in this. >> will i chase them, raise incentives for your luxury brands? >> no, it's not worth chasing. it's important that we take care of one customer at a time, sell the volumes we need to sell. >> real quick, we're here at the prius stand. you guys are standing by your position that hybrids is where it's at. >> yes, we are. the market is about 3% hybrid, we're about 14%. we'll continue to push hybrids. >> jim lentz, with his first on cnbc interview here at the auto show. >> thank thank you very much. >>> stef, you like the parts suppliers? >> i was just going to mention, the fuel emission standard changes borg-warner helps to make those parts, so i think you'll see continued secular growth in that theme. that's the name i like. the stock is done on the backlog weakness. i like that story. >> who would buy one of the main eight omakers? >> when i increase exposure, i'll buy --
something tonight. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy? >> i hope there is an agreement because it would be pretty disastrous. the congressional budget a office told us it would take 4% to 5% of gdp out of the economy. in other words we would be in a recession for sure and a deep one unless we come bouncing back t quickly. in other words, congress reverses itself after letting us go over the cliff. >> handicap what you think happened in either scenario if president obama is reelected or if governor romney is elected. >> i think in both cases there is a better than even chance we will go over the cliff. i think if president romney gets elected he will say i want to
Search Results 0 to 26 of about 27